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Hope to Remortgage but no sure about work Status
Ok so possibly an easy question. I'm registered as a sole trader from April 2013 and accounts up to date (Construction) but currently working as PAYE (Security) for the last 8 months. Hopefully after some negative report drop off report in September/October time I'm hoping to remortgage current property. Question is when…
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Coventry BS Mortgage Application
Hello, I posted this in the awaiting decision thread but got no response. Thought I would try a new post instead. My story, applied for a mortgage with Santander, was rejected on undeclared debt. There is no undeclared debt, it is a CC that was paid in full a couple of months before application and its still showing on the…
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60% LTV vs 70% LTV with overpayments
Hello I want to put a deposit down on a house using pretty much all of our savings (with £4,000ish spare) whilst my wife wants to keep all our savings (£30,000) and only use equity from the house sale. Obviously the better rates are at 60% thus having a lower monthly mortgage repayment but my wife wants to keep our savings…
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I get the feeling I am a difficult case...
Hi all long time lurker on the boards, first time I have needed help! This is sort of a request for help, sadly with little expectation following the frustration already experienced. We are looking to find a lender. But currently have a less than usual means of employment that seems to be tripping us up. I am an engineer…
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In the Current Climate
WITH MY MORTGAGE...... Do I fix for two or five years or go for a tracker? What would you do and why (give reasons)? Thanks in advance
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Joint mortgage with parents
Does anyone know if there is a building society that allows a joint mortgage with a parent. My daughter, who is a single parent but who has a good full time job in the NHS has been told by a mortgage broker that because we are still paying our mortgage (only a few more years to go) that my husband would not be able to have…
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can i get a mortgage on a zero hour contract?
Hi I currently work around 30-35 hours a week. I earn £9.00ph. My work is permanent And have had a good credit rating with good income. Only downside is that my job is a zero hour contract. I'm trying to get a mortgage for around £60'000. Will I be approved? Or any suggestions on what I should do. Thankyou
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Remortgage?
Hi there, Apologies for signing up just to ask questions, but I'm not sure where to start... Myself and my Wife are looking to clear some debts, which we have run up over the last three years - two unsecure personal loans, and a number of credit cards. We'd estimate that the total debt is around 20k. An online property…
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Contractual monthly payment increasing??
Hi I recently ended a 10 year fixed rate @ 4.79%. Of course, mortgage rates over this past decade have been lower but thats not what I want to talk about. So my mortgage is with Barclays and I eagerly watched to see what would happen to my contractual repayment rate when the 10 year fix ended. So I have about 28k remaining…
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asking price vs sale price tracker
Are there any websites that track the price a property was advertised for vs what it was sold for? thanks
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Paying my mothers mortgage.
I was hoping someone could shed some light into my question. My mother is currently paying her mortgage and there is no charges or penalties for early payments being made. My name is not on the mortgage/flat and I am looking to start paying every month a certain amount in order to clear the mortgage quicker. My question is…
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Change of situation & Mortgage
Good afternoon all, Unfortunately I am facing the very real possibility of being made redundant while having bought my place 2 years ago. I have savings saved up so I could afford to pay my mortgage repayments for some time. I have considered taking in a lodger as I have the space and it would help me out too in all…
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Contract Ending - Should I Sell My Flat?
My current contract is due to end and due to a recent change in rules at the place I work, I may have to move on and not be able to work as a temp. I've been here since 2012 in temporary and permanent contracts, so this is quite a blow. (I applied for a job here but fluffed the online test so can't reapply for 6 months.)…
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Avoiding Early Repayment Charge
Hi,8 I am 3 years into a 10 year fixed rate mortgage at 3.89% with Barclays/Woolwich I very much would like to switch to a 5 year fixed rate at 1.99% with HSBC or even stay with Barclays whose 5 year fixed is a little more but I understand either way I would have to pay Barclays a 6% Early Repayment Charge if I transfer…
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lifetime mortgages
Hi, I am one of the sad mis-informed people who have a interest only mortgage with a sum that I will never be able to pay back (approx. 67% of house value). Now as I have just passed 65 years old and have only another 4 years left to end of term, I am looking for a way to sell house and rent back, hopefully with security…
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Help to buy
Hi all, I heard this help to buy saving account where you put in a certain amount and then the gov adds £50 free or something, also heard its for first time buyers My next question is me and my girlfriend are looking to save, i have previously bought a home but borrowed the money for the deposit of my mum then when i sold…
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Mortgage with a 4 year old ccj
Hi! I recently moved to a housing association house for the lower rent and start to save for a mortgage. I originally wanted to buy this house but have been told it's not possible. I was getting a new bathroom and kitchen done as I was expecting to live here a long time however the housing association are selling off other…
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95% LTV Mortgage on 2 x Flats
Hello, first time poster - loving the advice picked up so far! I have a question in regards to 95% LTV Mortgages. I am interested in a property which is currently split into 2 self-contained flats (but it is marketed as a 3 bed terraced). It is on the market for £140,000. I have £9000 in savings and am hoping to get a 95%…
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Re mortgage question ..again!!
Hi all, rather than resurrecting my old post about a re mortgage I started a new one. :naughty: So we've clarified that it's a whole new application for this mortgage, (it's with Santander interest only on a ten year term expires Aug 2017) I had about 2800 of debt and a poor credit rating. I've managed to pay a huge chunk…
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Mortgage using rolling freelance contract
I'm self-employed (since October 2014). I had been a full-time mum prior to that, so my husband had been paying the mortgage alone for 10 years. My earnings in my first financial year were well below the tax threshold. I then secured a major freelance contract (started the contract 1 October 2015 and looks like being a…
